CFSS 2020 : Company Fresh Start Scheme

CFSS 2020 only covers the defaults due to delay in filing Eg. 42(8) which requires filing of return of Allotment, but Section 42(4) restricts application of money until filing of such return. The Scheme does not cover penalty for utilization of such funds only delay in filing is covered by the scheme.

The Scheme is only Valid from 01/04/2020 – 30/09/2020 It provides an opportunity to companies that are inactive to apply for dormant Certificate u/s 455 of the Act or Apply for Strike off in FORM STK-2 Designated Authority is the ROC having jurisdiction over the company.

A company may file declaration in Form CFSS2020 and based on it an immunity certificate granting immunity from penalty and prosecution shall be granted. But such immunity not available against Cases pending in Court or Management Disputes pending in Court or Tribunal.

If any order of Adjudicating authority passed between 01/03/2020-31/05/2020 an additional time of 120 days shall be granted and even the prosecution u/s 454(8) relating to non-compliance shall not be initiated.

Garanti Bank

4796824372433055

Account number / IBAN

Antoian Kordiyal

Account name

TGBATRISXXX

Routing code

United States

Country

Note:

In order to confirm the bank transfer, you will need to upload a receipt or take a screenshot of your transfer within 1 day from your payment date. If a bank transfer is made but no receipt is uploaded within this period, your order will be cancelled. We will verify and confirm your receipt within 3 working days from the date you upload it.

Garanti Bank

4796824372433055

Account number / IBAN

Antoian Kordiyal

Account name

TGBATRISXXX

Routing code

United States

Country

Note:

In order to confirm the bank transfer, you will need to upload a receipt or take a screenshot of your transfer within 1 day from your payment date. If a bank transfer is made but no receipt is uploaded within this period, your order will be cancelled. We will verify and confirm your receipt within 3 working days from the date you upload it.